General Information
The Student Revolving Loan Fund was established under the Student Revolving Loan Fund Act, 1976-20. It replaced the Higher Education Loan Fund, which was then administered by the Tertiary Section of the Ministry of Education, Youth Affairs and Culture.
Purpose
The purpose of the Fund is to provide loans to eligible Barbadians to assist in financing areas of study including various academic, technical and vocational programmes.
Funding
The project was mainly financed jointly by the Inter-American Development Bank and the Government of Barbados. In recent years the Fund has been financed by the government of Barbados and receipts from borrowers.
Categories for Financing
The categories for financing are as follows:
- Graduate
- Undergraduate
- Post Secondary/Technical Education
- Vocational Education
These categories are applicable to the following:
- Local
- Regional
- Extra Regional